Mortgages in Florida : Nowadays, many mortgage customers have the perception that it is difficult to get a mortgage loan in Florida and that Banks are unwilling to lend. To a certain extent this is true in that the minimum credit score has been raised , but banks are looking for business! I am here to help you get you into your dream home with the best terms on a mortgage available.
In my opinion our current lack of lending in Florida and many other states is due us as lenders having less qualified candidates available. High unemployment and problem credit has disqualified many borrowers. It is my job to put you on a path to home ownership whether it takes 30 days, 90 days, one year or even two years.
Yes, I have coached customers for two years before they purchased their first home.
We still have our bread and butter Fannie Mae and FHA Mortgage programs as well a host of others. I work for a mortgage banker that uses their own money and closes in their own name.
Also, I do want to point out that alternative mortgage programs for customers are starting to creep back into the picture. Marginal credit will allow you to purchase that home or refinance that mortgage with only slight adjustments compared to the best FHA A-Paper Interest Rate.
Refinance My Home that is Underwater in Florida. The Home Affordable Refinance Program. This program will soon have the cap released. Over 125% HARP Refis may be ready by March!
My Daily Interest Rate Advisorywill give you a daily explanation of what is happening with interest rates and where they are expected to go.
Please feel free to ask any mortgage questions that you like. There is no cost or obligation and no question is out of bounds.
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Much of what has changed since the free wheeling days of mortgage lending is compliance. The disclosing of the paperwork and the locking of the interest rate is a little more involved now but just about all of these safeguards have been added to increase protection for the consumer. We guarantee the fees listed on the initial fees disclosure statement. We also guarantee the fees of the Title Company, the Appraiser and the fees of the state of Florida.
Home prices in Florida are 50% of what they were 5 years ago, so in my opinion it seems like a good time to buy. Broward County is reporting record activity. (again). Coupled with interest rates that are hovering around 4%,with only 3.5% down on FHA, it seems like a safe bet.
- It is always my goal to leave you so happy with the service you have received, that you will be more than happy to refer friends, family and co-workers as you go on through life.
I use some of the social media just as much as the next person. For the sake of business I use Linked In and Twittter. (See attached links.) I pretty much leave Facebook for the personal stuff but I must say that many of my customers have become my friends on Facebook as well as in life.
